Dodd-Frank Blog
Supreme Court Finds Appointment of SEC ALJs Unconstitutional – What’s Next?
Litigation, Public Companies and Securities In Lucia v. Securities and Exchange Commission, the SEC brought an administrative action before one of its administrative law judges, or ALJ’s, against Raymond Lucia for allegedly using misleading slide presentations to deceive prospective investors using a retirement savings strategy called “Buckets of Money.” The ALJ that adjudicated the case issued an initial decision finding... Read more →
SEC Official Explains When Tokens and Coins are Securities
Public Companies and Securities William Hinman, Director, SEC Division of Corporation Finance, gave his personal views on when tokens and coins, which he referred to as digital assets, are securities and when... Read more →
House Subcommittee Reviews Legislation that would Fundamentally Alter Securities Litigation
Litigation, Public Companies and Securities The House Subcommittee on Capital Markets, Securities, and Investments held a hearing which reviewed two pieces of legislation that have been introduced: H.R. 2128, the “Due... Read more →
SEC Commissioner Believes Rule 10b-18 should not be Available if Executives are Selling
Executive Compensation, Public Companies and Securities SEC Commissioner Robert J. Jackson Jr. recently gave his views on stock buybacks. Much of the speech focused on Rule 10b-18 which is used by public companies when conducting... Read more →
Minnesota Revises Business Organization Statutes
Public Companies and Securities Minnesota Governor Mark Dayton has signed into law revisions to several Minnesota business organization statutes including the Minnesota Business Corporation Act, the Minnesota... Read more →
SEC Charges 13 Private Fund Advisers for Failure to File Form PF
Litigation, Private Equity The SEC announced settlements with 13 registered private fund investment advisers who repeatedly failed to provide required information that the agency uses to monitor risk. In... Read more →
Dodd-Frank Rollback Requires Changes to Regulation A+ and Rule 701
Public Companies and Securities The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155), which is primarily aimed at easing regulations on community banks, also contains provisions designed... Read more →
SEC Issues FAQs on Compensation Plan Proposals Included in Proxy Statements
Employment, Executive Compensation, Public Companies and Securities The SEC has issued a series of frequently asked questions, which in SEC speak are referred to as Compliance and Disclosures Interpretations (or C&DIs for short), on proxy... Read more →
SEC Comments Begin on First Quarter Revenue Recognition Disclosures
Public Companies and Securities Many public companies became subject to the new revenue recognition rules when they filed their first quarter Form 10-Qs in 2018. It appears the SEC may not have wasted any time... Read more →
by Steve Quinlivan | June 18, 2018